U.S. steel production capacity is insufficient to support local manufacturing
发布时间:[2021-3-11 13:41:43] 浏览量:619次
As the COVID-19 epidemic eases, the US manufacturing industry is gradually recovering, but many steel mills are slow to recover their capacity and steel supply is insufficient.
The current US steel plant capacity utilization rate is only 75%, far below the level of 82% in February last year.
US steel prices are 68% higher than global market prices. Even with the 25% import tariff, imported steel is cheaper than US domestic steel.
High raw material prices will not only weaken the competitiveness of US parts manufacturers in the international market but also affect the local consumer market.
